Looking to diversify beyond RYCQX? The mutual funds below have historically moved differently from RYCQX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for RYCQX
7 mutual funds have low correlation with RYCQX (below 0.3), 7 of which are negatively correlated. The least correlated is Rydex Russell 2000 Fund (RYRRX) (Small Cap Blend Equities) with a 1Y correlation of -1.00, roughly unchanged from -1.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Rydex Russell 2000 Fund | -1.00 | -1.00 | -1.00 | 77 | Small Cap Blend Equities | RYCQX vs RYRRX | |
| Rydex S&P 500 2x Strategy Fund | -0.79 | -0.78 | -0.82 | 52 | Leveraged Equities | RYCQX vs RYTNX | |
| Rydex Nova Fund | -0.79 | -0.77 | -0.82 | 55 | Leveraged Equities | RYCQX vs RYNVX | |
| Rydex Dow Jones Industrial Average Fund | -0.76 | -0.77 | -0.80 | 64 | Large Cap Value Equities | RYCQX vs RYDAX | |
| Rydex Technology Fund | -0.74 | -0.71 | -0.77 | 57 | Technology Equities | RYCQX vs RYTIX |
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